When a loan goes bad, it can be tough to recover.
Charge-off Loan Tracker (COLT) makes working with bad loans a lot easier. COLT has been helping financial institutions manage and collect those pesky charge-offs since 1987. It’s so easy to use, you’ll be astonished! It automatically tracks unpaid balances and accumulates interest, accommodates new payment terms, generates board reports, and much more. If there’s a chance to collect, COLT gives you what you need to make it happen. COLT makes it painless to revitalize bad loans so you can devote your time to more profitable tasks.
Another Happy Customer
“Charge-off LoanTracker is a useful, efficient tool to handle our charge-off portfolio. All we have to do is type in the account number and it runs all of the calculations for us. It’s very fast, easy and convenient ... an all-around good product.”
Claire Rowland
Bank of Augusta
Key Features
- Tracking for principal, interest and fees
- Numerous accrual methods
- Transaction-based accounting
- Flexible modification repayment terms
- Borrower invoicing and correspondence
- Complete shadow accounting
- 1099-Cs, including automated interface with IRS
- Documented audit trail
- Robust reporting engine